Bill Foster: “We must uphold these standards, and there should be consequences for not complying with transparency measures.”

The good news is that macroeconomic policy is working as designed.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.